BAA released its financial report for the six months ended 30-Jun-2010 yesterday. The airport operator reported a 2.2% revenue increase to GBP957.6 million, while adjusted EBITDA declined marginally by 0.2% to GBP401.7 million. This performance reflects disruptions in the first half caused by the volcanic ash crisis and airline industrial action, including the British Airways cabin crew strikes.

BAA reduced its pre-tax loss from GBP545.7 million in 1H2009 to GBP279.7 million in 1H2010.

It reported underlying passenger traffic growth of 0.9%, including 2.3% year-on-year growth at London Heathrow. While passenger traffic was relatively flat, strong retail momentum was maintained with net retail income per passenger rising 10.2% year-on-year to GBP5.20.

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